Nomad Foods (NYSE:NOMD – Get Free Report) had its price objective lowered by equities research analysts at Barclays from $22.00 to $21.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 16.60% from the stock’s current price.
Separately, Mizuho upped their price objective on Nomad Foods from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, May 10th.
Check Out Our Latest Stock Analysis on Nomad Foods
Nomad Foods Stock Performance
Nomad Foods (NYSE:NOMD – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Nomad Foods had a return on equity of 9.68% and a net margin of 6.10%. The business had revenue of $850.90 million during the quarter, compared to analysts’ expectations of $858.61 million. As a group, sell-side analysts predict that Nomad Foods will post 1.9 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Nomad Foods
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust acquired a new position in shares of Nomad Foods in the fourth quarter valued at about $26,000. Blue Trust Inc. lifted its position in shares of Nomad Foods by 133.2% in the second quarter. Blue Trust Inc. now owns 1,635 shares of the company’s stock valued at $27,000 after acquiring an additional 934 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Nomad Foods in the fourth quarter valued at approximately $76,000. Atlas Capital Advisors LLC purchased a new position in shares of Nomad Foods in the first quarter valued at approximately $201,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Nomad Foods in the fourth quarter valued at approximately $199,000. 75.26% of the stock is currently owned by hedge funds and other institutional investors.
About Nomad Foods
Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.
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